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fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be running for the hills or at least buying portfolio protection to protect themselves against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahea
fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be...
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Dec 5, 2012
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but how about the fiscal cliff? we're going to show you the real impact on americans' wallets and some stats to make you go -- hmm. apple slammed but the dow doesn't care. the indexes are higher as some break-away republicans are giving investors hope that a deal will get done. but will apple win the online music battle? >>> why pandora is being boxed out today. >>>ed unintended consequences of all these one-time dividends. mandy's off today so let's welcome in courtney reagan. >> thank you very much, brian. >>> blue chips are ruling the roost on wall street today. the dow bouncing back from morning loss to post triple digit gains. travelers, caterpillar and chevron accounting for a big chunk of that advance. >>> apple having its worst day in four months. pushing the nasdaq into negative territory. >>> bob, apple is lower than 4% -- we're going to toss it back to brian. >> courtney, hold your horses. >>> but first we've got to get a big development on the fiscal cliff negotiations. at this point we are still just a
but how about the fiscal cliff? we're going to show you the real impact on americans' wallets and some stats to make you go -- hmm. apple slammed but the dow doesn't care. the indexes are higher as some break-away republicans are giving investors hope that a deal will get done. but will apple win the online music battle? >>> why pandora is being boxed out today. >>>ed unintended consequences of all these one-time dividends. mandy's off today so let's welcome in courtney...
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Dec 6, 2012
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why the fiscal cliff has him mining, panning and digging harder than ever. todd hoffman, "gold rush." jim, can you grow that beard? >> i love that show. i can grow the hair that he has. >> let's do it. we're back after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. >>> why can't you be a made in america company? >> you
why the fiscal cliff has him mining, panning and digging harder than ever. todd hoffman, "gold rush." jim, can you grow that beard? >> i love that show. i can grow the hair that he has. >> let's do it. we're back after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when...
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Nov 30, 2012
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...
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but everybody's worried about retail and fiscal cliff, carl and fiscal cliff was mentioned in the release. it's become something carl that we are expecting in every release that we see. >> we do have a couple of seconds to point out that last night in cable fax awards, two nights ago, you were named to the hall of fame. >> yes, thank you very much. kind of proud, i dedicated by admission to mark haines who put me on tv. when david and joe would do "squawk box," he put me on tv. and mark was inducted into the hall of fame last year, because he said there's room for like guys that were bald and fat. right then i was trading at 2.15. now it's a point lower. >> no free passes. >> well deserved, congratulationings from all of us. you're going to stick arounder for lululemon. >> speaking of which, coming up, the ceo of lululemon will talk to us about the holiday season. and apple, a slide back into u.s. territory. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby a
but everybody's worried about retail and fiscal cliff, carl and fiscal cliff was mentioned in the release. it's become something carl that we are expecting in every release that we see. >> we do have a couple of seconds to point out that last night in cable fax awards, two nights ago, you were named to the hall of fame. >> yes, thank you very much. kind of proud, i dedicated by admission to mark haines who put me on tv. when david and joe would do "squawk box," he put me...
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Dec 3, 2012
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good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month of the year but today the dow and s&p are down for the first time in four days. dow was up 61 points before the disappointing ism data at 10:00 a.m. this morning. it has never recovered. s&p is flirting with a three-week high even though it is slightly lower. nasdaq touched a one-month high earlier on. >>> never doubt the power of of the american consumer is what we always say here on "street signs." holiday shopping season is in full swing and that, my good people, has propelled the s&p retail next to a record high early again today, though as we speak it is slightly lower. let's
good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month...
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Dec 13, 2012
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the fiscal cliff. he is about to give you the head start investors like. find out about it next in this mad dash. >>. >>> how will solar city fare in its debut this morning? chairman elon musk and lyndon rive will join us on cnbc. we count you down to the opening, the s & p losing less than one. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our
the fiscal cliff. he is about to give you the head start investors like. find out about it next in this mad dash. >>. >>> how will solar city fare in its debut this morning? chairman elon musk and lyndon rive will join us on cnbc. we count you down to the opening, the s & p losing less than one. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply...
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is this an extent of fiscal cliff? is this, you know, going to be something we're going to be in tune with, as energy prices have mod rated? i can't tell you that. but what i can tell you is right now inflation doesn't seem to be a huge concern outside of the core. back to you. >> okay. thanks, rick. for more on the numbers, mr. liesman has been sorting through -- >> i'm having the same trouble rick is having with the data. i don't know how he does it every day when i gets that data as it scrolls across. one interesting tidbit is that real earnings for private workers was actually up in november. up 0.5%. the consensus was 0.1%. and that followed 5.5%. these are inflation adjusted earnings. we get that with the cpi. overall, cpi remains tame i think as far as the federal reserve is concerned. you'll note that the federal reserve uses the ece which is a different indicator. rents are a smaller percentage in the pce so rents have gone up, as essentially the rental market has really taken off in the wake of the housing cr
is this an extent of fiscal cliff? is this, you know, going to be something we're going to be in tune with, as energy prices have mod rated? i can't tell you that. but what i can tell you is right now inflation doesn't seem to be a huge concern outside of the core. back to you. >> okay. thanks, rick. for more on the numbers, mr. liesman has been sorting through -- >> i'm having the same trouble rick is having with the data. i don't know how he does it every day when i gets that data...
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Nov 16, 2012
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we'll wrap that up, give you more on the markets and more on the fiscal cliff. more on hostess coming up. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> as we noted, mandy will be on "closing bell." five names starting with jetb e jetblue, recent rally slowing risk to the downside. jet fuel prices down helping airlines. their new target -- $4.50, down from -- 4.50% down from 5%. >>> penn national gaming saying they're going to split into two different companies and create a casio reit. $15.40 dividend for one of those new companies per share. deutsche bank likes the move. $48 target there. mgm. hedge funders getting big near this game, up the stake from 2 million shares to nearly 7 million. mgm has had a tough year so far. >>> the gap. gps. that stock higher. same-store sales risi
we'll wrap that up, give you more on the markets and more on the fiscal cliff. more on hostess coming up. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> as we noted, mandy will be on "closing...
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cliff, then the fiscal abyss. the fed keeps us sort of above stall speed and then we do some structural things, would that work? >> that's -- joe, that's exactly what we're all hoping for. we hope that republicans and democrats, the congress, the administration, can enact bold structural reforms to make the economy more growth oriented. and you know, live within our means. manage our budgets. if we can do that, then the fed is building a bridge to the congress. >> you talking about the congress? >> pardon me? >> live within our means and manage our budgets? are you talking about the congress? >> well, you know, we've done it in the past. we can all be very bearish on our political system. but our political system over the long-term works. republicans and democrats have come together before, have made tough choices. if we can do it again, then bernanke's actions are not going to be for naught. they're going to be buying time for leaders in washington to take over. but if leaders in washington don't take over, then
cliff, then the fiscal abyss. the fed keeps us sort of above stall speed and then we do some structural things, would that work? >> that's -- joe, that's exactly what we're all hoping for. we hope that republicans and democrats, the congress, the administration, can enact bold structural reforms to make the economy more growth oriented. and you know, live within our means. manage our budgets. if we can do that, then the fed is building a bridge to the congress. >> you talking about...
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a kids' focused section. the journal says at so
investing, the economy and the looming fiscal cliff. jpmorgan chairman ceo jamie dimon. carlyle group cofounder david rubenstein and a lot more. and it all starts tomorrow at 6:00 a.m. eastern on "squawk box." [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of...
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Nov 14, 2012
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fiscal cliff, tax issues. everybody on the investor side of course trying to get around some of these potential tax hikes. remember, no matter what a lot of these nonpartisan groups say like office of budget and management or any of them in the real world taxes make people's behavior change. now, if you look at the currency side of the equation, the yen is the big trade everyone is discussing on this floor today. look at a 24-hour chart. the dollar is skyrocketing. what does it mean on the bigger picture a year-to-date chart of the dollar/yen reveals we're close to breakout on the dollar/yen. a big bright spot impacting dollar index. jim, back to you. >> thank you, rick. it's interesting to see a dollar versus yen versus fxe. let's check out latest news on energy and go to bertha coombs at the nimax. >> good morning, jim. a little bit of a weaker dollar helping out the energy complex though we're watching wti. we'll not get inventory numbers today because of the veterans day holiday. won't get those numbers un
fiscal cliff, tax issues. everybody on the investor side of course trying to get around some of these potential tax hikes. remember, no matter what a lot of these nonpartisan groups say like office of budget and management or any of them in the real world taxes make people's behavior change. now, if you look at the currency side of the equation, the yen is the big trade everyone is discussing on this floor today. look at a 24-hour chart. the dollar is skyrocketing. what does it mean on the...
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. >> yeah, sue, as washington and wall street increasingly focus on this fiscal cliff that's coming, the message from the fed has been pretty unanimous. fix it yourself and don't look to us to bail you out of what is a perfectly predictable and fixable problem. doves like chicago fed president charlie evans and hawks like richmond fed president jeffrey lack er put it on as major headwinds for the u.s. economy and they both want to see the fiscal side, the administration and congress fix it. but they differ on how the fed could react. lacker says the impediments to growth are factors which monetary policy is not the remedy. monetary policy will not reduce regulatory and fiscal uncertainty. fed chairman ben bernanke has not ruled out more quantitative easing, but he talked down that possibility in relation to offsetting the fiscal cliff at his press conference two weeks ago. >> if no action were to be taken by the fiscal authorities, the size of the fiscal cliff is such that there's i think absolutely no chance that the federal reserve could or would have any ability whatsoever to offs
. >> yeah, sue, as washington and wall street increasingly focus on this fiscal cliff that's coming, the message from the fed has been pretty unanimous. fix it yourself and don't look to us to bail you out of what is a perfectly predictable and fixable problem. doves like chicago fed president charlie evans and hawks like richmond fed president jeffrey lack er put it on as major headwinds for the u.s. economy and they both want to see the fiscal side, the administration and congress fix...
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all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostage by washington's inability to make a deal. labor leaders invited to the white house, meeting with the president since late this morning. we are keeping track of that for us here the list. several leaders from the american labor movement getting first-person attention from the president today, including richard trumka from the afl-cio, amidst many others. tomorrow, you should know that the president will meet with 12 ceos. that list includes frequent cnbc guest david poe day and president and ceo of honey w he has been on power lunch a number of times. on the list, jeff immelt of ge and ford's alan mulally. it is quite a list, ty, and we are the show leading up to that very important meeting tomorrow. so you don't want to miss it. >> sue, indeed we are. we are having our own very important meeting right now with representative gregory meeks, a democrat from new york city. mr. meeks, welcome and congratulations on your re-election. >> thank you,
all of this as the count down to the fiscal cliff ticks away. your money is literally being held hostage by washington's inability to make a deal. labor leaders invited to the white house, meeting with the president since late this morning. we are keeping track of that for us here the list. several leaders from the american labor movement getting first-person attention from the president today, including richard trumka from the afl-cio, amidst many others. tomorrow, you should know that the...
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are you worried, fiscal cliff, we talk about that every five seconds on cnbc. is that going to have an impact? >> the folks here are deeply concerned about it. i don't think the american populous as a whole has focused on it yet. i'm worried as this begins to take over the headlines over the next few weeks how it will impact christmas shopping and obviously the impact would not be good if that happens. >> could be bad timing there. tom, thanks for your time. >> thanks for having me. >> tom stemberg of the highland consumer fund. >> i have one comment on jcpenney. everybody is piling on this thing. >> do you like it? >> he likes the plain pocket jeans. >> i watched, back in september the stock rallied from 20 to 30 in anticipation of the analyst meeting. ron johnson was in his glory. they are doing something different. make no mistake about it. we haven't seen what they're doing yet. i'm not telling you there's inherent value here and not tell you it's going to work. i think there's going to be a massive short squeeze some time very soon. 40% short interest in t
are you worried, fiscal cliff, we talk about that every five seconds on cnbc. is that going to have an impact? >> the folks here are deeply concerned about it. i don't think the american populous as a whole has focused on it yet. i'm worried as this begins to take over the headlines over the next few weeks how it will impact christmas shopping and obviously the impact would not be good if that happens. >> could be bad timing there. tom, thanks for your time. >> thanks for...
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what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the likelihood is you'll try to pull it forward to try to take advantage of the capital gains tax certainlily. >> so if you're rushing through this year, there will be a lull in the first quarter. >> yeah. i agree. i think we will potentially see a lull in the first quarter. but on the assumption that we do get past the fiscal cliff with successful resolution, which i think we're all optimistic we will, i think fundamentals are strong. we have corporate balance sheets still strong. we have private equity with a lot of available cash. and general improvement in confidence. and i think with the certainty of -- the uncertainty of the presidential election behind
what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the likelihood is you'll try to pull it forward to try to take advantage of the capital gains tax certainlily. >>...
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we've got the gift cliffs, buy cliffs. >> there's not just the fiscal cliff out there. >> people believe best buy's on the decline, and christmas won't be that great, then you would probably jump to the conclusion that at the end of the day, he will walk away. >> right. and he will have all of that information. and there are some distressed players in private equities. sirburres has experience in that area. if you go from considering this a viable situation, to a distress situation, all of which we'll find out. again, that has been pushed out. one would expect the stock would react negatively after running up yesterday on the star tribune report that a bid was coming. even though we don't know what the bid was. i was not able to confirm that was in fact that was even the case. >> good. so many people lose money in this stuff, and it pains me. listen, you read a local paper article, you hear that guy's got to know, right? he's in the same town as the guy. >> there was some thought that if they did come with a bid, it would be nothing more than a place holder that would be rejected. but gi
we've got the gift cliffs, buy cliffs. >> there's not just the fiscal cliff out there. >> people believe best buy's on the decline, and christmas won't be that great, then you would probably jump to the conclusion that at the end of the day, he will walk away. >> right. and he will have all of that information. and there are some distressed players in private equities. sirburres has experience in that area. if you go from considering this a viable situation, to a distress...